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HISTORICALLY, THE FATES OF KOREA AND TAIWAN ARE LINKED VERY TIGHTLY.|
When Manchu China lost the First Sino-Japanese War of 1894, faraway Taiwan became a prize that Tokyo demanded even if it was not involved in any way in the Korean War of 1894. The fall of Korea to Japan paved the way within less than a year for the annexation of Taiwan by the Japanese empire through the Treaty of Shimonoseki of 1895. While the current problems of North Korea were 50% self-inflicted, the fall of NK would be a major blow to the security to China, and a palpable loss of its ability to assert its sovereignty.
When NK tried to unify Korea by force in 1950, it created a Cold War that prevented China from retaking Taiwan, which it otherwise was planning to do, and which Truman at that time felt was a foregone conclusion. If another Korean War erupts, China can put its plans of reunification off for many, many more years, during which time, as in the past, it would have to bear the risk of a sudden separatist move by the island. Thus, a Korean War saps China's strength and delays its own reunification with Taiwan, unless NK wins against all odds, which is unlikely.
There is little doubt that the separatists and their Japanese advisers are aware of the potential bonanza they could reap from a North Korean military defeat, and are preparing to take advantage of it, by first, not hinting about it, of course.